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Long-Term Actuarial Math Old Exam MLC Forum

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  #1  
Old 11-17-2018, 07:38 PM
Yufeng Yufeng is offline
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Default Guo's solution to Fall 2018 LTAM WA

Solution for Fall 2018 WA is here:

http://deeperunderstandingfastercalc...018_WA_sol.pdf

Thanks for reading.
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Old 11-18-2018, 01:27 AM
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KarimZ KarimZ is offline
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In WA 4, would recursion be a valid approach to calculate reserves at time 2?
I am referring to parts bii, cii, dii.
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Old 11-18-2018, 09:04 AM
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Default Yes; you can use recursive tV formula for WA 4

For WA 4, YES; you can use the recursive reserve formula to derive the reserve at any time.

Recursive tV formula should always work regardless of whether the premium is calculated under the equivalence principle and regardless of whether the reserve is gross, net, FPT, or based any other modified reserve method.
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Old 11-18-2018, 09:34 AM
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Quote:
Originally Posted by Yufeng View Post
For WA 4, YES; you can use the recursive reserve formula to derive the reserve at any time.

Recursive tV formula should always work regardless of whether the premium is calculated under the equivalence principle and regardless of whether the reserve is gross, net, FPT, or based any other modified reserve method.
Thanks Yufeng! Appreciate all the time you have invested to come up with solutions.
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Old 11-19-2018, 02:16 AM
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Roughly graded my paper. Not all solutions are in my memory. Think im at a score of 66. Not sure if that will make the cut.
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Old 11-19-2018, 07:21 AM
Yufeng Yufeng is offline
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Default WA 1 -- why the information premiums in the first two years are lower

In case you are wondering why in WA 1 SOA tellls you that premiums in the first two years are lower.

This information is to support their profit signatures 84.74 for Year 1 and 80.35 Year 2. If the premiums are level for all years, then the profit signatures for Year 1 and Year 2 will not be 84.74 and 80.35 respectively.
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